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Dec 6, 2013 8:00pm EST
freedom. less red tape, less taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce tax and red tape so detroit businesses can grow and throb. he called his plan a conservative war on poverty. it's time we revisit some of the ideas of jack kemp and expand upon them. the bill that i will introduce, will introduce power and freedom zone. this political lower personal and corporate income taxes in detroit to 5%. my bill will lower the payroll tax, 2% for the employees, 2% for the employers. economic freedom zones will cut out the red tape that keeps new businesses from starting and old businesses from thriving. inside these ozones will suspend the capital gains tax. we will allow all small businesses to deduct most of what they invest in the first year of purchase. how will this differ from tr
Dec 3, 2013 5:00am PST
the increase in consumption tax scheduled for april. >> translator: society will face confusion if wages fail to increase along with the rise in prices. >> dengo will also try to improve the working conditions for nonregular workers. it plans to encourage the introduction of rurals to help convert to full-time employees. members will submit their demands to their companies and management by february. >>> japanese officials are putting together a stimulus package to drive economic growth. they plan to spend about $53 billion to counter the impact of the planned consumption tax hike. the stimulus sets aside $10 billion for japanese firms for innovative drugs and smaller firms overseas. the package also includes about $3.2 in cash payments to people whose incomes are below a certain level and it earmarks about $1.5 billion to ease the financial burden for home buyers. the government will also spend $10 billion to accelerate the recovery in fukushima and other disaster-hit areas. officials plan to finalize the measures in coming weeks. they'll compile an extra budget by mid-december to carry out
Dec 6, 2013 2:30am PST
and the bonds will cause that rate to increase by 0.1 2% to 1.2 two and the other constraint is the property tax rate for the capital planning committee -- if approved that rate will remain within the constraint of the 2006 property tax levels, and is included in the fiscal year 14 tax rate for geo bonds and finally the resolution approved finance documents willing the official notice of sale and notice of intention to sale that announces -- provides legal notice of time and date of the sale and the issue nsance and approves the statement that provides investors with information concerning the bonds themselves and risks and securities and financials for the city and we intend to include the audit when it's available for investors [inaudible] that provides that notice to the investors as it occurs. i am happy to answer questions and we have other representatives here also. >> thank you. dpw do you have anything to present on this item or anything to add? if you don't that's okay too. we don't have questions at this point. mr. rose, can we go to the budget analyst report please. >> yes mr. cha
Dec 3, 2013 7:00am PST
your business, with tax -- green your business, tax credits available with that. for non-profit, charitable organizations, we have a workshop coming up. that is helpful for those of you who are looking to access the committee on a durable basis. >> also, on behalf of leader pelosi, i want to thank our panel and her staff. we are tenants in this building. i apologize for the security situation that happened upstairs. if you have concerns about it, please come and see me. i would like to convey those to the landlord here so that it does not happen again. thank you. >> hi, everybody. my name is carmen chu. why don't we get started. with a marking up with the department of small business -- we have been working with the department of small business. this project started when we heard from neighborhood merchants. unfortunately, they had access issues, visibility access issues. we have been working closely with many of our partners year today to educate about these -- many of our partners year today to educate about these issues. also in terms of board guidance. i want to thank
Dec 5, 2013 4:00am EST
figure. we are way out of line with countries like france and germany where taxes are much lower. at this stage of the economic recovery, small and medium-sized businesses need cash. they could bust because of lack of cash. it really needs reforming. >> let's talk about small and medium enterprises. what does this institution find here -- need to do to give suffrage to the small and medium enterprises? it needs to be frozen and then reviewed. these smes also need to have access to finance. fillre trying to for orders from overseas, often turning the down because they can't get the working capital. what they need is a business bank. capital ratherve than having to rely purely on equity. other countries have a business bank. the united states, canada, france, italy, germany has a fantastic business bank. very very important. >> we talk about the small and enterprises, the ability to pay taxes is critical. what additional support would hear?ke to do you really think he is going to give you anything in this statement? >> i would hope he would, but the export support area is a critica
Dec 3, 2013 7:00pm EST
are entitled to tax credits how do you do that to make sure people aren't submitting fraud. do you have an ain't fraud system, what the inspector general said today they think maybe the system is going need some work and beef up security in order to prevent massive fraud here. whenever money is going out from the federal government in big numbers, they found this out in medicare as well, you have to be very careful about fraud because a lot of people will take advantage. >> eamon javers, thank you very much. now, even while the obama care failures and embarrassments continue to pile up, when will the administration finally admit that it's time to hit the pause problem until all the problems are fixed or maybe the pause button is not set to work until november 2014. that may be closer to truth. here former obama campaign aide, he was briefed by the obama white house on the health care and grace marie turner, she will be testifying tomorrow on obama health care. what's the thrust of your testimony going to be tomorrow? >> the president has said that oh, we don't need to worry about those 5% of a
Dec 6, 2013 7:00pm EST
really bad risk pools. all right, so this is going to be budget neutral. not involved with tax payers. what they did not anticipate was that wasn't going on the an isolated problem, but an industry wide problem so then who comes in? the government. i'm sorry did i say if government? i mean the taxpayer. it's a bailout to make sure they don't leave the program after 2014. if they flee the program, the whole edifice begins to collapse. absolutely a bailout. >> as of monday, a good report from "the new york times" and others, as of monday, they're lowering the so-called individual threshold. it used to be $60,000 losses and then the government would help them out and now it's only $45,000. the enrollment is not going to favor the young people. this is a democratic thing. why are you democrats always in bed with the big corporations and this crony capitalism around the big trade you know on the labor? why can't you play it straight? >> and this is the same argument we're having over in the budget world where we don't want to close corporate tax loopholes? >> i want to close corporate tax
Dec 2, 2013 4:10am EST
, -- limitations of acceptability, the feasibility, and cost. what can we do? we could tax and restrict access and intervene. i am not suggesting we intervene. we tried that with alcohol. it was a disaster. you cannot have storm troopers invading people's homes for baking an apple pie. that is not going to happen. i do not even suggest it. because my wife would be the first one they would have to take away. what we need to do, like we have with every other substantive abuse is come to peaceful coexistence. we have to find the right amount of legislation, regulation to be able to manage the problem rationally, like we tried to do with tobacco. we can argue about the wisdom of that, especially worldwide, and alcohol. no interdiction but plenty of taxation and restriction of access as needed. so what factors contribute to increased soft drink consumption? price. since the 1980's, the price has and the introduction of high fructose corn syrup, the price has only increased 50% versus food. food has gone up higher than sodas have. sodas increased only 20% against fruits and vegetables. we are suppos
Dec 4, 2013 12:00am PST
a movement among young people that would change entitlements and also taxes. >> i want to shine a light on this issue and i am desperately hoping the young people will start a movement. do i want to start the movement? i don't think i'm capable. do i think i canar tick tlat facts and have i seen them respond that somebody out there can start a movement? yes. in my opinion they were instrumental in getting gay marriage passed. they're moving the needle on the environment. this thing is very similar. >> rose: on both of of those issues you were on their side. on gay rights and the environment. >> still am. >> rose: we conclude with guillermo del toro, the mexican filmmaker and author. >> i think that the way to understand the universe is by sort of codifying hit in the dichotomy of angels and demons. you can call them monsters, superheroes, whatever it is but we have to mythologize the universe in order to apprehend it. because if you don't -- it's like digesting concepts that are so large, so super or supra human that you need mythology to understand it. >> rose: stanley druckenmiller an
Dec 2, 2013 11:00am PST
the taxes within five years. if the best they can do is stretch about you have two choices you can name someone that can stretch about or pay all the taxes and five years. when it comes to children you do not want to name a child the record because when they turn 18 in my blood. one of the worst days you can do is leave an 18 year-old a lot of money. you wanna set up a trestle you have control in the distribution. the problem is that when people passed away, sometimes their homes or investment accounts. if the trust does not have the right distribution or the language it is not going to work right or it will cost the ira to be taxed. >> that is not something that we want to do. >> now what do you want to leaf-test >> if you want to leave money for charity is ira funds. separate the account and have to go to charity because the charity does not have to pay taxes. if your honor to do with in a trust the trust he needs to realize that. trusties have to be smart and know how to deal with these plans. >> if you want to learn what to do about financial planning. you can contact checked burton
Dec 9, 2013 11:00am PST
's talk about a another bad role of some. tax is being cut in half. >> i think we have already seen taxes go for high income earners quite drastically your capital gains also went up. in order for you to save medicare, medicaid edentulous something will need to change. these programs will have to be saved, these are what the seniors depend on. americans, most of them-- this is something that has not been taxed. most people retiring have pretax dollars. >> another bad will obamas the bike can withdraw 5% for my portfolio. >>rule is for me to draw five percent for my portfolio. >> we are at half of that, we will look at a. lower interest rates because the central banks are buying their own bonds keep their interest rates low. you will need to have more equity exposure. you will have to deal with a little bit more and know that getting dividends, that is okay. also, bond alternatives. they are just not paying enough and at campbell's value. >>. london let's talk abo >> i am more like two to $4 million spread >> the idea is that a million dollars when you are a kid sounds like a lot a money b
Dec 6, 2013 3:00am PST
can you call item four. >> item four say resolution approving a waiver of the payment in lieu of taxes through 1991-1992 to 2013-2014 from the housing authority from the city and county of san francisco. >> [inaudible] >> okay. go ahead. >> good afternoon supervisors. mr. chair, i am barbara smith, acting executive director of the san francisco housing authority and i am here to request a waiver of the pilot payments from the san francisco housing authority from 1991-1992 to 2013-2014 in the amount of $12 million which is approximately $550,000 a year for the past 22 years. pilot is payment in lieu of taxes and established in 1965 under an agreement between the housing authority and the city and county of san francisco. it was established in lieu of paying real and personal property taxes and special assessments. as 10% of rent payments charged to the housing authority's low income residents. it has previously been weighed by the board from these years listed and requested waivers but those requests weren't acted on. since that time the housing authority has not requested addition
Dec 2, 2013 5:00am PST
be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect the dots to understand what is going on today. i read the chronicle. so what i've done is put together a montage of the murder of public sector, which is going on everyday. in fact all of the public sector is in body shape. public libraries, parks from the municipal to the national level. our character is among the worst in the world. the new deal deals with things in a different way. when i was going to school, california school's were the best. now they are among the worst with the new budget cuts. of course, my university is being privatized. all of the higher education is being privatized. all through the uc system. how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county pony up money. i thought this was a joke. they voted to do it. now, the governor proposes to borrow against future revenues. how did they deal with these social prob
FOX News
Dec 6, 2013 2:00pm PST
. because rich people got their tax breaks. until they finally got them put back in. when obama inherited the office, rich people were getting big tax breaks. >> you mean the tax breaks that b obama kept? >> yes. >> now they're not is what you're saying? >> yes, they took the tax breaks away. >> how do you explain the top 1% is outpassing by seven times what the lower 99 are making? >> here's exactly what obama -- >> believe it or not, president obama has actually widened the income gap but in a good way, bob, in a good way, because the 1% is going up, 34%, 99%, 4%, but they're going up, so that's a good thing. incoming equality is a misnomer. if the rising tide is rising all boat, raising all boats, that's a great thing. >> how can you say 15 years the top 1% increase of income take home pay is 247% and middle clashgs over the same 15 years, is 15%? you're saying that's equal? >> he's saying the numbers are rising up and that's good. >> it's better for everyone when this happens. >> when the rich people get richer? >> and the poor people get richer, yes. >> before you continue, let me ge
Dec 3, 2013 9:00pm EST
to find violators. what if a president wanted tax cuts that congress would not enact? president george w. bush proposed a reduction in the capital gains rate. have instructed the irs not to tax capital gains at a great greater than 10%? the point is not what you think of president obama's policy decisions. the point is, the president may consistent with the command that he faithfully execute the waiveunilaterally amend, or suspend the law. must resist the delivery pattern of circumventing the legislative branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our abandoned into be favor of an undue concentration of power in the executive branch. warned, theison accumulation of all powers, legislative, executive and hands mayin the same justly be pronounced the very definition of tyranny. i introduced mr. conyers for his opening statement. >> top of the morning to my colleagues. the president's constitutional duty to faithfully execute the would be an important issue worthy of hearing by this was anye if there evidence that the president ha
FOX Business
Dec 9, 2013 1:00pm EST
listing means for the exchange. lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the s&p, it is up nearly 27% this year, which is the best year we have seen since late 1998. we have a big deal today. talking about the food company, u.s. foods reached a deal to merge. the total enterprise of the transaction everything included is actually over $8 billion. up 11.5%. back to you. adam: so, deal or no deal. negotiators in the house and senate work to hammer out a budget deal before the house leave
Dec 9, 2013 3:30pm PST
it was reported the i.r.s. spent $4 billion in refunds to taxes to people who shouldn't have gotten them, 353 check toss one address in shanghai. 650 checks to lithuania. this is a level of incompetent on a scale because you have bureaucrats with paper, and crooks who have ipads. the second, what i've talked about going back to american enterprise speeches. we were just told with the passing of president nelson mandela that, even though he had visited five times, he was not delisted as a terrorist until 2008. now, how bad does the state department bureaucracy have to be in order to not notice that a sitting president is visiting the country and still on the list. finally something i want to ask governor abercrombie as an example -- >> i can't wait. >> i think this is one you'll be 100% with me. >> if you want a limited number of defense budget, wouldn't you rather see it spent at pearl harbor on real folks in the front lines than seeing it spent in thepentagon? every i.t. as it relates t obamca, relates to the defense partnt theyave a terrible procurement, wouldn't you -- speaking as an alum
FOX Business
Dec 5, 2013 9:00pm EST
$100 billion. john: you said that? [laughter] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to raise taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activi
FOX Business
Dec 6, 2013 12:00am EST
] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the m -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to rse taxes but well-connected celebrities are quick to use your tax dodges. >>wning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to promote anti- capitalist they glamori
Dec 1, 2013 6:50pm PST
on their pledge not to raise taxes. social democrat leader cyclone gabrielle first the party's rank and file to back the agreement in a referendum next week. he has acted was acquitted grand coalition has written a coalition agreement for regular people to carry out their responsibilities every day. is there some water cannons to stabilize fairness and social balance in our country and this week's upset about austin is none of these yet. spd members accept the deal chancellor under the miracle could be re elected to a third term in mid december he rejected the grand coalition will be over before it began. italy's senate voted on wednesday to expel former prime minister silvio berlusconi following his conviction for tax fraud the decision meansravis county loses his parliamentary immunity and could face arrest in connection with other legal proceedings against him. they include with an underage prostitute and abuse of office. the vote was preceded by a heated debate between supporters and opponents doomadgee imagine that this is a historic day for italy just for them to the rule of law has b
Dec 3, 2013 9:00am PST
on the indonesian island of bali. try to find a breakthrough in long running world trade tax the negotiators are attending a four day biennial ministerial session of the world trade organization attempting to save the deadlock doha round of free trade tax. indonesian president cecile mumbai new delhi also attended the opening ceremony he said the delegates need to show a strong political will to make progress. last friday morning the movie. with the logo go with you. wto director general for show us the video also expressed hope for the success of the negotiations. the field sometimes that the wto has been to a long dark night and i hope that perhaps here in bali. whew once again see the morning of the world trade organization the participants are focusing on three issues this simplification of customs procedure. agriculture and development. japanese workers could soon be rewarded with bigger salaries the nation's largest labor union federation of red eagle has decided to demand a rise in basic paid for the first time in five years. you'll meet the demand that next year's wage negotiations t
Dec 1, 2013 9:00pm EST
, more spending, and more taxing are exactly the things that got us into this mess in the first place, and he remains committed to each and every one. >> i will tell you what is the con, mr. speaker. it is saying one thing before the election and another thing as prime minister. here is what the hon. member for richmond park said about him. he likes reading out tweets, so listen to this one. "if the pm can casually drop something that was so central to his identity, he can drop anything. #greencrap." that is this prime minister all over. the truth is that any action he takes on the cost of living crisis is because he has been dragged there kicking and screaming. on the cost of living crisis, he is not the solution -- he is the problem. nobody believes that he or his cabinet have any sense of the pressures facing the people of britain. >> i think everyone can recognise a collapse when they see one, and we just saw one right now. is it not interesting? the week before the autumn statement, and he cannot ask about the economy because it is growing, he cannot ask about the deficit because
Dec 9, 2013 2:00am EST
japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a big issue for angela merkel. last week, the german foreign with the president will stop some of the opposition of the coalition is quite well known. he's a former world champion boxer. the interesting thing is
Dec 4, 2013 6:00am EST
from the bedroom tax. [shouting] that is not true. will be deputy prime minister apologize and put the record straight? [shouting] >> mr. speaker, the honorable lady talks about standing up to vested interest. this in the week that we discover that the great courage of the labour leadership that stand up for the trade union came after, guess what? guess what? maÑana, montana, maÑana. all too difficult. [shouting] >> order. this house should be the bastion of free speech. neither the deputy prime minister nor the lady must be shouted down and we will keep going with this session as long as it takes for proper order to be absorbed. the deputy prime minister. >> and drink if i may say so it should be the bastion of political parties free of vested interest. and it is high time, it is high time that the labour leadership do what they say and stand up the trade union paymaster. she should stand up to hers. >> harriet harman. >> well, mr. speaker, i suggest that you leave it up to us to worry about our party members, especially -- [shouting] especially as so many of them used to be yea
Al Jazeera America
Dec 2, 2013 2:00pm EST
in new york city, killing four people. >>> is something else ailing obamacare? >>> taxing online sales. the supreme court has its say. >>> federal investigators are now looking at the black boxes of a train that derailed in new york city on sunday. they want to know what caused the train to jump the tracks, killing four people and injuring dozens more. crews cleared the tracks so service could resume on one of the busiest train lines. jonathan, good afternoon. how are the cleanup efforts going right now? >> well, stephanie, i would say crews are on the final stretches of work, at least here on the scene they brought on a out a cadaver dog. they uprighted most of the cars at this point. this is the final car. if you can see through the bushes here you'll see that final car there. they were just able to upright with these large cranes that they've been using and they've been hauling the other cars away. in fact the one you've been looking at, the earlier video, this is the car that was just inches from the water, where near where the hudson and harl rivers meet. that fourth person found
Comedy Central
Dec 5, 2013 11:30pm PST
to be taxed? >> heavily, yes. so if you buy medical marijuana, it is about a five percent tax and new retail marijuana will be a 25 percent tax, which includes -- >> stephen: 25? a 25 percent tax on a doobaj? >> that's about right, is it not worth it, stephen? >> stephen: it is more tax than toke liberalism in my opinion, why don't you just make it 85 percent and give me your car when you are high. they will never know the difference. take it! >> a certain percentage is definitely going toward the building of schools, i believe it is the first 40 million raised from recreational sales. >> stephen: what were your responsibilities as the pot editor for the denver post be? >> i am hiring a pot critic from colorado, if you know anybody. >> stephen: yeah, yeah, i know a few people but i need them in my editing room. >> you certainly want a reviewer, you want a critic of pot. >> yes. >> stephen: anybody you like? >> i got one via twitter. >> stephen:. >> stephen: dude, i am baked out of my skull. >> you would not be surprised. >> stephen: it gives kids an excuse all over the nation who get caught
Dec 3, 2013 10:00am EST
, by refusing to fine violators? what if they president wanted tax cuts that a president would not enact? to the instrument the irs to decline to enforce the income tax laws? president george w. w. bush proposed unsuccessfully a reduction in the capital gains rate. should he have instead simply instructed the irs not to tax capital gains at a rate greater than 10%? the point is not what you think of any president obama's individual policy decisions. the point is the president may not consistent with the command that he faithfully execute the laws unilaterally amend, way versus and the law. we must resist the president deliver a pattern of circumventing the branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our constitution to be abandoned in favor of an undue concentration of power in the executive branch. as james madison warned centuries ago in federalist number 47, the accumulation of all powers, legislative, executive and judiciary in the same hands may justly be pronounced the very definition of tyranny. it is now my pleasure to
Dec 3, 2013 5:30am PST
and a couple years later proposing a sales tax dedicated to city improvement. this is the projected plan for the next 15 years. what's happening next year? >> that's going to depend on the board of supervisors to develop the time to do so. >> your recommendation for new revenue is so far in the future. my question is at least, last year, 5 years ago when we were going through planning did you identify revenue sources that are being utilized today. i'm looking for something more in the short-term. >> as part of the transportation task force work we did look at the existing funds that are available towards transportation and to improve the infrastructure. there are federal grants. some state grants. there is money that comes from the metropolitan transportation commission and there is a general fund subsidy to about $4 hundred million and there is a capital plan within the city that prior advertises some -- prior advertises some of the fund money. >> i heard from you and others and adam about potential future funding sources, but i think what i'm looking to hear and probably many members
Dec 4, 2013 10:00pm PST
are paid from property tax increment in the area and already pledged to the area so there will be no general fund impact from this action. we're very closely coordinating with the city's office of public finance which is part of our team helping to prepare the bond documents and we have been grateful for their help so i am happy to answer any questions. >> thank you very much. any questions? okay. we have no budget analyst report so we will move to public comment. anyone wish to comment? seeing none public comment is closed. can i have a motion to move this forward with recommendation. >> so moved. >> and we can take that without opposition. madam clerk can you go back and call item eight please. >> item eight is release of reserve founds in the adult probation department in the amount of amount eight for the sex offender containment model. >> thank you for being here. >> good morning supervisor farrell supervisor mar. i am the chief deputy of the probation department and behalf of chief wendy still and planned to attend the hearing but she is testifying in
Dec 3, 2013 11:00pm EST
. in some instances, require you to file an income tax return. is the constitution capable of ignoring both categories of law? said, several times, congressman garrity, -- cannotthe president refuse to enforce a law because the policy reasons. >> the congress decided that if you possess a controlled substance, you get a certain in prison.ime you may or may not like mandatory minimum sentences, what this administration summarily dispensed with that law. my question to you is whether or not the chief executive ken and failed to enforce categories of law that are permissive and mandatory. >> it is established that the executive branch has prosecutors prosecuteretion -- orial discretion. >> can the president -- let's assume that a statute requires you to have two pieces of identification to purchase a firearm, can the chief executive knock it down to one? >> i guess i would -- -- can achieve executive >> can the chief executive knock it down to one form of identification? of limits onare the presidential pardon authority. >> you would say he could question mark >> under the pardon authority, he
Dec 6, 2013 10:00pm EST
that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. epresented by the automobile companies but also by host of signs and ive developments in manufacturing. so the president is not the east bit satisfied or complacent with where we are. that's why we really believes that we ought to have a spirited conversation about what are we going to do to reduce an equality. what are they going to do to jobs se the number of overall. but particularly the number of obs that pay a middle class wage and provide middle class security to families across the country. said in that speech that we done with e of this congress and where congress will take move, he action that he can on his own, fu
FOX Business
Dec 8, 2013 8:00am EST
't the way to do it. the earned income tax cret does it. take this out of politics. take this out of unions. remember, 67% of people that make minimum wage work part time. $53,000 a year is what the average person who makes a minimum wage, that household, makes. this does not do a lot for poverty but it does hurt sma business. >> does it hurt the young people, the college students who are flipping burgers? they don't want to make a career of it but they're part time and raising the wage would probably get them out of a job. >> actually, i totally disagree with that. there's very little evidence to suggest that. a modest increase in the minimum wage, tying it to inflation, actually has a net job loss. >> they're asking for double. >> i don't think that's appropriate. i support the president's call to raise the minimum wage. as he said in february, tie that to inflation, tie that to cost of living. that makes nse. how can anybody earn a living on $15,000 a year? doesn't make sense. i don't support a whole sale increase of it to 15. i think that would be too much. tying the minimum wage to inf
FOX News
Dec 7, 2013 8:30am PST
've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's th
Dec 3, 2013 6:00pm PST
attend for november showed further signs of improvement in the economy. income tax receipts are more than six hundred million euro higher than november two thousand and twelve despite no income tax increases while spending on social welfare is one hundred twenty two million euro lower than planned. both are consistent with last week's pick is showing a rise in employment and to follow and the number is on the effect is to become husband and child even joins us now with a net long time wasting for that show but is this a quite possible the text and content yes it is in the november numbers are always important for the government because it's the biggest amount of tax to get in in the year because the smoothie as self employed people pay their taxes and traditionally it's also been the month on which the following year's budget has been pasted it normally you would expect the budget within two or three days of these expect returns to the november above what is that the kids are showing us is that the couple to stop in more tax than they sold to open the gideon and also spending less money t
Dec 4, 2013 11:30am PST
pre sale real estate in residential properties sold for two many times will be the ministry's tax inspection priorities for next year the three homes will be the first targets including hundred fifty elect republicans in taipei city the ministry of finance the will look closely into those cases for possible attacks the basics luxury houses including treasure paris and eating parity in taipei city. armaan ministry of finance has pressed her against protect inspection next year. the ministry had snakes have a city that demonstration area to reinforce the tax inspection commentary housing including hundred and fifty acre luxury houses more than three thousand two hundred households in the city the ministry blog look closely into the transaction records have the luxury houses in the past two years to see if there were attacks the patients. ministry of finance as first break it includes houses over eighteen million and he carries with a kinda price hurt pain at over one kneeling and nt dollars what if the houses over eighty teens. over seventy percent of households requirements. the bu
Dec 3, 2013 6:00am PST
in the last congress when later closing was speaker of the house. she had had 16 tax cuts signed into law to help small businesses grow and thrive. as we know, during the last 15 years, small businesses account for about 2/3 of the job growth in our country, but when the bush recession hits in 2009, 2010, small businesses were hit particularly hard. small businesses are the center of her agenda. congress under her leadership gave 27 million small businesses tax cuts. two main pieces of legislation -- the small businesses jobs act in the information you have, will create a total of 500,000 jobs and create eight tax cuts. they are all described in the packet you have. also, unleashing up to $300 billion in credit for small businesses to access. there are another eight tax cuts that were passed through a number of different laws. some of our panelists will address those. even though now we are in an environment where there is a republican majority in the house and a slimmer majority in the senate, please note that the leader and democrats are going fight hard to keep their agenda and restart
Dec 9, 2013 6:00am EST
which is trying to make a big stink about this suggesting that they wouldn't, for example, allow tax cuts or other types of things for certain companies and not others, right? this is whether we should have tax cuts. >> this happens all the time. totally incestuous between public and private constantly. look at places like illinois now where any company that stays is getting some kind of a deal except probably the small ones. >> except the small ones. any company of any size is getting a deal. >> maybe the rolls should be across the board nothing? >> no. >> a friend of mine, joannea kagan. >> didn't bob kraft do it in foxborough? >> i don't know enough. >>> let's talk about the next story. if you work on wall street and are considering growing a beard, an article in "the new york times" says that while beards are in fashion right now, that is not the case in the finance industry. i guess it's okay in fashion, it's okay in design. a lot of different areas if you're a helpster but in the fashion world, gentleman, the argument goes it looks like you have something to hide. >> you could
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